Emergencies don’t wait for appointments. Sometimes, things just happen. That’s why it’s important to be prepared. Sorta like outsmarting the enemy. It really means having a cash cushion large enough to cover all of your living expenses in case of an unexpected event. You know what that is. Seriously. Some of them are very common like out of sight hospital bills, larger than life medical deductibles, increased insurance premiums. house or car repairs, credit card balances that continue to grow like weeds, really, even just something that’s unpredictable. Like a busted TV. You never saw it coming. The facts are that more than half of all people would not be able to come up with $1000 in cash in the event of an emergency. It’s frightening. And some debt pile challenges around the house never seem to go away. Take those piles of bills on your dining room table. Or those missing receipts so you don’t know how much you added to your credit cards this month – again. You’ve tried everything – or have you? It’s probably time to begin developing some simple debt busting solutions. The fixes for getting a handle on a financial nightmare are mostly tried and true products. And they can work for you. Imagine, no more paper piles and unsightly bill clutter. Deadlines and paying bills are easier to meet. Having a cash cushion means being in control. And they start with something called “hacks” (as they are known in the digital age). True. Just clever short cut solutions to tricky problems. But before you can get to work on saving more and spending less (remember the cash cushion idea), there’s an economically smart move that’s out there for the using. This is it. You’ve probably have heard about alternative solutions for getting instant cash. And they’ve really gained in popularity (seems like a lot of consumers are in the same boat these days). You wonder why. In simple language, alternative working solutions for finding available credit are considered short term loans (also known as immediate cash). And applying for a short term loan really makes things happen. It’s a positive step in the right direction. Essentially it’s one of the best “hacks” (remember we already said that they’re clever solutions to tricky problems). Because once you’ve made a big dent in your bill pile, you can get to work on funding that cash cushion.
So when you’re on your feet again, take your discipline completely out of the equation by automating your savings. There’s a reason that paying yourself first has been the mantra of the money-enlightened for decades. It works. There are many free apps that can put your computerized budget into the palm of your hand. Yes having a cash cushion is a good thing. Improve your finances with a short term loan and then watch your cash cushion grow. Just remember the “hack”.